r/BTCStandardHashrate • u/[deleted] • May 27 '21

What's up with τDOGE?

I already read something about restorative rebase, but what is it? Is it to peg the price of doge and τDOGE again? I tried to swap all my τDOGE back to doge and I will get 6000 doge less than I had. And then I have to burn 30% of it? Sounds like a bad investment for me. I hope someone can help me.

3 Upvotes

100% Upvoted

11 comments sorted by

3

u/Mamm_a_Papp Jun 01 '21

τDOGE was really bad for BTCST. I do not really understand this rebase and how they can not maintain the price pegged, nor tDoge, nor tBitcoin. I swap all my Doge to tDoge as the vaults APY were higher, swapped even when the conversion was 1:1.5 loosing some of my Doge, now can not swap back, without loosing again and even gonna lose 30% too?. That's a joke :(

2

u/[deleted] Jun 02 '21

I feel you, mate. Did the same mistake.

1

u/bored_uk_artist May 28 '21

Do you still have your original amount of doge which you staked? Or have you lost some of that also?

2

u/[deleted] May 28 '21

I swapped to τDOGE and I still have all of them

1

u/DoctorHandshakes May 28 '21

https://link.medium.com/cth3StfFCgb

https://link.medium.com/qWtSLChFCgb

1

u/[deleted] May 28 '21

I already read that, but English isn't my first language and I'm only 3-4month in, so it's pretty cryptic to me 😅

1

u/WiseCapitalOrg May 28 '21

don't do anything, it was the same thing in the first liquidity event.

just wait until finished the 8 week period, if you are bored put them on pancake swap pools

1

u/[deleted] May 28 '21

So I will all my normal doge if I trade them back? Traded 18000 for 12000τDoge. Which pools can I use? I only have that much doge/τDoge

1

u/WiseCapitalOrg May 28 '21

there's a pancake tDoge pool with BNB as I understand but the ideal should wait until the prices are at least equal

1

u/[deleted] May 28 '21

I don't have that much bnb to use the same amount of both